Shelter Island Heights Bankruptcy & Debt Lawyer, New York

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Abraham Michelson
About | Practice Areas
The Michelson Law Office
203 North Lasalle Street Suite 2100 Chicago, IL 60601Â» view map
Bankruptcy, Chapter 7, Chapter 13
Chicago Bankruptcy Lawyer

When your finances are at stake, choose the best. Don't sink deeper in debt. Contact The Michelson Law Office

800-824-6431
1. Abraham Michelson Chicago, IL
  Attorney at Law - Illinois, 2013
  Thomas Cooley, JD, 2004
2. AboutAbraham Michelson
  Our legal team can advise you on your options for negotiating a solution.
3. Practice AreasServices
  Find out how an experienced attorney can help end calls and prevent lawsuits.
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James Douglas Dougherty

Real Estate, Civil & Human Rights, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 62 Years

CONTACT

Shelter Island, NY 11964

Sally Beth Steiner

Business, Credit & Debt, Motor Vehicle

Status: In Good Standing Licensed: 29 Years

CONTACT

828 Front St, Greenport, NY 11944

Joseph Seth Tusa

Consumer Bankruptcy

Status: In Good Standing Licensed: 29 Years

CONTACT

Southold, NY 11971

Cindy Ellen Tzerman

Lawsuit & Dispute, Business, Bankruptcy & Debt, Insurance

Status: In Good Standing Licensed: 43 Years

CONTACT

10 Whalers Walk, Sag Harbor, NY 11963

John Minardo

Real Estate, Criminal, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 23 Years

CONTACT

68 Madison Street, Sag Harbor, NY 11963

Scott Desimone

Real Estate, Labor Law, DUI-DWI, Credit & Debt

Status: In Good Standing

CONTACT

41780 Route 25, Peconic, NY 11958

Salem Michael Katsh

Traffic, Estate, Environmental Law Other, Credit & Debt

Status: In Good Standing Licensed: 52 Years

CONTACT

65 Ryder Farm Ln, Orient, NY 11957

David Cohen

Real Estate, Litigation, Transportation & Shipping, Corporate, Bankruptcy & Debt

Status: In Good Standing Licensed: 42 Years

CONTACT

102 Montauk Blvd., East Hampton, NY 11937

Edward Timothy Mcauliffe

Landlord-Tenant, Dispute Resolution, Consumer Protection, Collection, Lawsuit & Dispute

Status: In Good Standing Licensed: 26 Years

CONTACT

3 Breeze Hill Rd, East Hampton, NY 11937

Melvin Jerome Tublin

Industry Specialties, Business, Bankruptcy & Debt

Status: In Good Standing Licensed: 71 Years

CONTACT

46 Norfolk Dr, East Hampton, NY 11937

800-923-0641

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800-943-8690

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LEGAL TERMS

ACCORD AND SATISFACTION

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collectin... (more...)

An agreement to settle a contract dispute by accepting less than what's due. This procedure is often used by creditors who want to cut their losses by collecting as much money as they can from debtors who cannot pay the full amount.

AUTOMATIC STAY

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities,... (more...)

An injunction automatically issued by the bankruptcy court when a debtor files for bankruptcy. The automatic stay prohibits most creditor collection activities, such as filing or continuing lawsuits, making written requests for payment, or notifying credit reporting bureaus of an unpaid debt.

GARNISHMENT

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if ... (more...)

A court-ordered process that takes property from a person to satisfy a debt. For example, a person who owes money to a creditor may have her wages garnished if she loses a lawsuit filed by the creditor. Up to 25% of a person's wages can be deducted.

INTEREST

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to ... (more...)

A commission you pay a bank or other creditor for lending you money or extending you credit. An interest rate represents the annual percentage that is added to your balance. This means that if your loan or credit line has an interest rate of 8%, the holder adds 8% to the balance each year. More specifically, interest is calculated and added to your loan or credit line through a process called compounding. If interest is compounded daily, the balance will rise by 1/365th of 8% each day. If interest is compounded monthly, the balance will rise 1/12th of 8% at the start of each month.

LIQUIDATING PARTNER

The member of an insolvent or dissolving partnership responsible for paying the debts and settling the accounts of the partnership.

DEFINED CONTRIBUTION PLAN

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount ... (more...)

A type of pension plan that does not guarantee any particular pension amount upon retirement. Instead, the employer pays into the pension fund a certain amount every month, or every year, for each employee. The employer usually pays a fixed percentage of an employee's wages or salary, although sometimes the amount is a fraction of the company's profits, with the size of each employee's pension share depending on the amount of wage or salary. Upon retirement, each employee's pension is determined by how much was contributed to the fund on behalf of that employee over the years, plus whatever earnings that money has accumulated as part of the investments of the entire pension fund.

S CORPORATION

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status fro... (more...)

A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal Revenue Service. Electing to do business as an S corporation lets shareholders enjoy limited liability status, as would be true of any corporation, but be taxed like a partnership or sole proprietor. That is, instead of being taxed as a separate entity (as would be the case with a regular or C corporation) an S corporation is a pass-through tax entity: income taxes are reported and paid by the shareholders, not the S corporation. To qualify as an S corporation a number of IRS rules must be met, such as a limit of 75 shareholders and citizenship requirements.

NUISANCE FEES

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fe... (more...)

Money charged by some credit card companies to increase their profits when you fail to use the card the way the creditor wants. Examples include late payment fees, inactivity fees and fees for not carrying a balance from month to month. It's best to shop around and get rid of cards that have these fees attached.

GUARANTEED RESERVATION

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehic... (more...)

A hotel or rental car reservation secured by a credit card number. In exchange for your card number, the hotel or rental agency promises to have a room or vehicle for you no matter when you show up. If you have a guaranteed reservation with a hotel, it must provide you with a room, either at that hotel or at another comparable establishment. If you have a guaranteed reservation with a car agency, it must provide you with a vehicle. The downside of a guaranteed reservation is that if you don't show up and haven't cancelled your reservation, you will be billed for one night in the room or one day's use of the vehicle.

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Shelter Island Heights Bankruptcy & Debt Lawyer, New York

Sponsored Law Firm

The Michelson Law Office

SPONSORED LAWYERS

James Douglas Dougherty

Sally Beth Steiner

Joseph Seth Tusa

Cindy Ellen Tzerman

John Minardo

Scott Desimone

Salem Michael Katsh

David Cohen

Edward Timothy Mcauliffe

Melvin Jerome Tublin

TIPS

LEGAL TERMS

ACCORD AND SATISFACTION

AUTOMATIC STAY

GARNISHMENT

INTEREST

LIQUIDATING PARTNER

DEFINED CONTRIBUTION PLAN

S CORPORATION

NUISANCE FEES

GUARANTEED RESERVATION

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